MercadoLibre (MELI) reported fourth-quarter 2023 earnings of $3.25 per share, which missed the Zacks Consensus Estimate by 51.2%. The bottom-line remained flat year over year. Revenues surged 41.9% on a year-over-year basis (83.2% on a FX-neutral basis) to $4.26 billion. The top line surpassed the Zacks Consensus Estimate by 2.83%. Total revenues were driven by accelerating commerce and fintech revenues, which grew 48% and 34% year over year to $2.46 billion and $1.8 billion, respectively. Revenues from MEL ...

Shares of MercadoLibre (MELI -10.81%) were sliding today as a narrowing gross margin and expectations of slowing growth seemed to overshadow a strong quarter. The company's reported profit was also impacted by a one-time tax liability.As a result, the stock was trading down 12.9% as of 10:31 a.m. ET. MercadoLibre's hot streak cools offThe Latin American e-commerce and digital payments specialist has been a top performer throughout its history and has delivered brisk growth coming out of the peak of the pand ...

This presentation may contain forward-looking All the information included in this presentation is statements including, but not limited to, statements updated as of December 31st, 2023. Except as may regarding MercadoLibre, Inc.'s expectations, be required by applicable law, we assume no objectives and progress against strategic priorities; obligation to publicly update or revise our initiatives and strategies related to our products statements. and services; business and market outlook, Certain monetary a ...

MercadoLibre, Inc. (NASDAQ:MELI) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants Richard Cathcart - IR Officer Marcos Galperin - CEO Martin de los Santos - CFO Osvaldo Gimenez - President, Fintech Ariel Szarfsztejn - Commerce EVP Conference Call Participants Andrew Ruben - Morgan Stanley Irma Sgarz - Goldman Sachs Robert Ford - Bank of America Kaio Prato - UBS Maria Clara Infantozzi - Itau BBA Trevor Young - Barclays João Soares - Citi Deepak Mathivanan - Wolfe Research Ma ...

MercadoLibre (MELI) came out with quarterly earnings of $3.25 per share, missing the Zacks Consensus Estimate of $6.66 per share. This compares to earnings of $3.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -51.20%. A quarter ago, it was expected that this operator of an online marketplace and payments system in Latin America would post earnings of $5.85 per share when it actually produced earnings of $7.16, delivering a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☒ ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33647 ______________________________________________________________________________________________________________ MercadoLibre, In ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...

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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about MercadoLibre (MELI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.MercadoLibre currently has an ...

MercadoLibre, Inc. (MELI) is set to report fourth-quarter 2023 results on Feb 22.For the fourth quarter, the Zacks Consensus Estimate for sales is pegged at $4.14 billion, indicating growth of 38% from the prior-year quarter’s reported figure.The consensus mark for fourth-quarter earnings is pegged at $6.66 per share, suggesting a 104.9% jump from the year-ago quarter’s actual. The consensus estimate has been unchanged over the past 30 days.The company’s earnings surpassed the Zacks Consensus Estimate in th ...